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been trying to gather support. the there are forced to pay a one off tax of 6.75%. and is not just the terms of the bailout making people here angry. some people feel they are being lied to. >> none of the promises they're making are real. five days ago, they were saying there was no chance for a haircut. now there is this situation than they are promising somehow we will get it back. there is no chance. >> germany has been blamed for insisting on the levee. they say they are open to changes. it includes a levy on deposits under 100,000 euro. the numbers we came up with are the base level. if there is any other way to achieve it, up to 100,000, we would not have the slightest problem. we would have to wait and see. >> given the angry reaction, there does appear to be rethinking going on behind the scenes. >> for more, we cross over live to cyprus to talk to nathan. it looks like the public backlash and international criticism are indeed forcing a rethink on this levy on bank deposits. how much room do they have? >> quite a bit of room as long as they can meet the magic number a 5.6
overwhelmingly reject a tax on savings. >> in syria, the government and rebels trade accusations of using chemical weapons in a village near aleppo. >> pope francis officially begins his papacy in rome with a promise to embrace the whole of humanity. >> in a vote expected to have wide ranging consequences, lawmakers in cyprus have delivered a decisive and overwhelming note to a government tax to lead the bank accounts. >> that means government cash for pensions, welfare, and health care could dry up as early as may. parliament voted less than an hour ago, following to be would days of high drama, handing the government and brussels a resounding defeat with no delegates voting in favor of the plan. 36 no votes and 19 abstentions. >> the house speaker had urged mp's to say no to blackmail in the vote on the bureau's own bailout package. his words clearly catching the angry mood in the chambers and on the streets. outside the parliament building, angry crowds also called for a no vote and held up signs, warning that other nations like italy and spain could be next in line. for the latest, le
a bank deposit tax of up to 9.9%. in return the country would receive a bailout worth $10 billion or worth $13 billion. the cypriot issued -- the company's banks have been crippled by debt. cyprus is expected to start a fresh round of negotiations with creditors. but the two sides are unlikely to reach an agreement any time soon. >>> insurgents have sent a message on the 10th anniversary of the invags of iraq. they killed at least 50 people and wounded more than 100. a series of bombs exploded in baghdad and several other cities. militants attack with car bombs. the iraq war began before dawn on march 20th, 2003, with u.s. air strikes on the capital. members. administration of former president bush argued that iraq possessed weapons of mass destruction, but u.s. forces failed to find evidence of sum weapons. 120,000 civilians are said to have died from the fighting or from terrorism. u.s. troops pulled out of the country in 2011. >>> the economy's recovering. iraq overtook iran last year to become the second largest oil produce iramong the members of petroleum exporting countries.
%. it had been levying real estate taxes in two major cities, shanghai and jongching but decided to kple kple -- implement them in other cities as well. >>> they approved a new president and premier, a once in a decade change of leadership. mitchitaka yamaka reports. >> translator: china's dream must be realized with the power of a united people. that's the dream of each and every chinese. >> reporter: xi used the phrase "china's dream" nine times in the speech. at the end of the congress. the new president pledged efforts to improve people's lives and lead a national renaissance. a strong china is part of that dream. a point driven home by the incoming premier. he spoke to the media saying china will maintain its uncompromising strength of sovereignty and territorial rights. >> translator: china is firmly determined to follow the path of peaceful development. at the same time, china's position of defending its sovereignty and territory is unwavering. china will never bend these two principles. >> reporter: one of the new leaders did not speak, but his appointment has attracted much atte
with the beginning, and we look for to continuing the discussions. >> cypress has long been a tax haven for russian companies who have billions of euros in separate banks, but many russians who live on the island are outraged at the proposed levy on their savings. >> this country has cheated us and stolen our money. yes, stolen. it was not their money. we brought it here. we did not earn it here. >> for now, a separate account holders are relieved that parliament shot down the proposal. >> it was time to take a stand. they are sure to find a solution. the separate people are strong. we can take a lot. we have proven that before through many tough times. >> the cypriot government is still searching for any viable solution. even the country's archbishop has offered to help by digging into the pockets of the church. 17 billion euros is the son the island needs to keep afloat, approximately equivalent to the country's economic output, and it is more than the eu is willing to put up without a significant contribution from cyprus itself. >> for more, we can go now live to nicosia where our correspondent
conditions. they are calling on cyprus to increase corporate taxes and privatize state-owned firms. they're also demanding a tax on the bank deposits which would affect individual depositors. cyprus applied for financial aid last june. it said it needed the funds to bail out domestic banks that are being weighed down by the large amount of sovereign bonds they are holding issued by debt-ridden greece. >> the euro group consider that is in principle financial assistance to cyprus is warranted to safeguard financial stability in cyprus and the euro area as a whole. >> reporter: the chief of the eurozone's finance minister says cyprus must tax bank deposits given the fact that a size of its banking system surpasses the country's economy. >>> officials in venezuela decided not to embalm the body of the late president. hugo chavez died earlier this month after a long battle with cancer. the venezuelan government initially planned to have chavez's body embalmed for permanent display, but information minister ernesto villegas says the government has dropped the plan. he quoted russian experts a
Search Results 0 to 6 of about 7 (some duplicates have been removed)

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